Senior personnel changes in Korea, Hong Kong and Singapore lead Mingtiandi’s roundup of HR moves from around the region this week, starting with the selection of a new chief investment officer at South Korea’s sovereign wealth fund. Also making the list are new CFOs at Shangri-La hotels and at an SGX-listed REIT jointly sponsored by CDL and Tikehau Capital.
Sovereign wealth fund Korea Investment Corporation is set to appoint Lee Hoon as its new chief investment officer, according to local news reports. With Lee currently serving as head of KIC’s investment strategy and innovation division, his appointment is said to have already been confirmed by the Ministry of Economy and Finance, which paves the way for him to replace Park Dae-yang, who stepped down from the CIO role on 4 August.
Shangri-La Asia said on 8 August that it has appointed Chua Chee Wui as its chief financial officer with effect from 31 August. Now 55, Chua is taking on the CFO position in addition to his role as chief investment officer with the hotel group controlled by the family of billionaire Robert Kuok. Chua’s latest appointment follows the resignation of Cindy Chow Sing Man from the CFO position, with Chow set to stay with the company through 31 December.
IREIT Global, a Europe-focused REIT managed by a joint venture between Singapore’s City Developments Ltd and Temasek Holdings-backed Tikehau Capital, announced this past week that it has appointed Anne Chua as chief financial officer effective 22 August. Chua is taking over the CFO role from departing director Choo Boon Poh after serving as chief financial officer of Daiwa House Asset Management Asia, the manager of Daiwa House Logistics Trust, from March 2021 through this month.
China South City Holdings said on 10 August that Tencent executive Lei Ming has resigned from his role as a non-executive director of the company with effect from that same day. A 17-year veteran of Tencent, which holds a significant stake in China South City, Lei had joined the developer’s board in October of last year. China South City last month successfully asked creditors to allow it to restructure the terms of five offshore bonds totalling $1.5 billion in value.
Shangzhi Bian has joined Keppel Capital in Shanghai as vice president, according to a LinkedIn update. Bian joins the fund management division of Singapore’s Keppel Corporation after more than three years with local private equity firm GoHigh Capital in Shanghai, where he had served as an assistant vice president. The graduate of Nanyang Technological University Singapore also has previous experience with Everbright Prestige Capital and CapitaLand Malls Asia.
Tiger Chen has joined Prime China Securities as director and head of private equity investment in Hong Kong, according to a LinkedIn update. Chen took on his latest role after just a year and a half at Guosen Securities in Hong Kong, where he had served as a senior investment manager. The graduate of the University of New South Wales also has previous experience at Austrade, Hong Kong Galaxy Investment and ACA Capital.
Andy Kershaw has headed to the UK where he now serves as design manager with Design International in London, per a LinkedIn update. Kershaw has shifted back to Britain after more than a decade in the design industry in Shanghai, where he had served most recently as associate director with Daniel Statham Studio in the city. The De Montfort University graduate also has previous experience with Broadway Malyan and GroupGSA.
If you know of other Asia real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.